Unemployment in Chile

Chile Unemployment | Economic News & Forecasts

Chile - Unemployment

Incoming data points to a lukewarm second quarter, after growth slumped to a two-year low in the first quarter. Although economic activity improved in April–May, on modest gains in mining, June’s print is likely to have disappointed owing to a second consecutive monthly fall in copper output and the sharpest drop in manufacturing production in over two years. Moreover, a slump in merchandise exports in June led to a sharper average quarterly fall, hinting that the external sector detracted from overall growth. Expenditure-side data does not look encouraging either. In Q2, the unemployment rate inched up and average consumer sentiment fell to its lowest point in two years, suggesting lackluster household spending. Meanwhile, waning business optimism and a contraction in capital goods imports signal that capital investment likely softened.

Chile - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate6.0  6.3  6.3  6.5  6.6  

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Chile Unemployment Chart

Chile Unemployment
Note: Unemployment in % of active population.
Source: National Statistical Insitute (INE) and FocusEconomics calculations

Chile Facts

Bond Yield2.88-0.44 %Jul 31
Exchange Rate703.60.05 %Jul 31
Stock Market25,281-0.67 %Jul 31

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